Our preference: long positions above 1.0705 with targets at 1.0865 & 1.0920 in extension.
Alternative scenario: below 1.0705 look for further downside with 1.0670 & 1.0595 as targets.
Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: key resistance at 1.2530.
Pivot: 1.2530
Our preference: short positions below 1.2530 with targets at 1.2355 & 1.2275 in extension.
Alternative scenario: above 1.2530 look for further upside with 1.2585 & 1.2615 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/CHF Intraday: the bias remains bullish.
Pivot: 0.9900
Our preference: long positions above 0.9900 with targets at 1.0000 & 1.0035 in extension.
Alternative scenario: below 0.9900 look for further downside with 0.9830 & 0.9775 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: intraday support around 107.30.
Pivot: 107.30
Our preference: long positions above 107.30 with targets at 108.75 & 109.85 in extension.
Alternative scenario: below 107.30 look for further downside with 106.15 & 104.95 as targets.
Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
